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The cryptocurrency market strengthened earlier this week but came under sharp selling pressure on Thursday, erasing much of its previous gains. In the latest market snapshot, Bitcoin (BTC) is trading near 81600.00 (+0.9%), Ethereum (ETH) at 2400.00 (+2.1%), Tether (USDT) at 0.9991 (–0.01%), BNB at 744.00 (+5.1%) and XRP at 1.3250 (+4.8%). Total cryptocurrency market capitalization has declined to approximately $2.73 trillion, while Bitcoin dominance has increased to 60.0%. From October 19 to 22, US spot Bitcoin ETFs recorded net inflows of $439.1 million, while Ethereum ETFs saw outflows of $225.1 million. The market remains volatile despite the recovery attempt discussed in our previous crypto weekly review.
BTC drops to $82,000 as the Fear and Greed Index signals extreme fear. Many investors see this as a potential entry point, but the data suggest the situation is far from clear-cut.
The SOL/USD pair has broken out of its long-term upward channel and continues to develop a new trend for the third consecutive month. The price is currently trading near 140.62 (Murray level [1/8], Fibonacci 23.6% correction). A firm break below this area would open the way toward 109.38 (Murray level [–1/8], Fibonacci 0.0% correction) and 93.75 (Murray level [–2/8]). For the bulls, the key resistance remains at 165.70 (Fibonacci 28.2%), located above the middle Bollinger Band. A breakout above this level could trigger an exit from the descending channel through its upper boundary and pave the way toward 203.12 (Murray level [5/8], Fibonacci 61.8%), 234.38 (Murray level [7/8]) and 250.00 (Murray level [8/8]). However, such a scenario appears less probable in the near term
This move could finally put an end to the massive ETF outflows seen in recent weeks. ETH holders are hoping for a turning point.
The XRP/USD pair is trading within a medium-term downtrend, forming a corresponding descending channel: last week, the price resumed its decline in line with the broader market and the performance of major competitors.
The STRK price is recovering rapidly and maintaining its upward trend. A breakout above the next resistance level could open the door to new upside targets.
Ethereum Could Be Forming a Local Bottom This Week
At the beginning of last week, the ETH/USD pair resumed a steady decline in line with the broader market trend and today updated its July low at 2950.00.
Crypto analyst Sminston With believes that Bitcoin could drop toward $60,000 before the market eventually returns to a strong upward trend again. In his view, BTC still has the potential to re-enter an exponential growth phase as early as next year.
Last week, the BTC/USD pair tested the 93,750.00 mark (Murray level [–1/8]), losing nearly all the gains accumulated this year. The decline was driven by several negative factors.
The crypto market opened the week under heavy pressure, with major coins sliding further as volatility picked up again. Bitcoin dropped sharply on Monday, falling to as low as $93,029 over the past 24 hours and effectively erasing all gains it had accumulated this year. On a weekly basis, the world’s largest cryptocurrency is down roughly ten percent.
Crypto insider Hunter Horsley has issued an unexpected statement about Bitcoin’s outlook. In his view, BTC may be entering the final stage of a six-month bear phase — a perspective that changes how the current market should be interpreted.
Tether is in talks to invest €1 billion in Germany’s Neura Robotics, aiming to push beyond stablecoins into AI and advanced robotics. The discussions come as the company posts strong, steady profits that allow it to pursue large private-market deals. The potential investment would support Neura’s plan to scale production of humanoid robots amid surging global demand.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.